Yatra Online Limited (YATRA) Stock - Complete Technical Analysis - Nov 26, 2024

Yatra Online Limited (YATRA) Stock Technical Analysis Key Support & Resistance Levels Explained

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Yatra Online Limited (YATRA) stock has been experiencing volatility in recent days, and traders should consider key technical levels before making any decisions. The current price of 103.77 is significantly lower than the 52-week high of 194, indicating that Yatra is in a downtrend. However, the stock is trading near its 52-week low, making it crucial to monitor the price action around this range. The Average Directional Index (ADX) at 28.76 suggests a moderate strength in the current trend, while the Relative Strength Index (RSI) at 35.64 indicates that the stock is in oversold territory, hinting at a potential reversal.

When analyzing Yatra's price movement, the stock is trading below its short-term and long-term moving averages, suggesting a bearish trend. The stocks recent lows around 103.20 and highs at 106.33 could indicate short-term support and resistance levels. The volatility in the last few days, including price fluctuations of around 5-6 points, points to high market uncertainty and the possibility of a reversal.

Indicators like the Stochastic RSI and Commodity Channel Index (CCI) are showing oversold conditions, signaling a potential for upward momentum. However, the Momentum indicator and Awesome Oscillator still reflect bearish pressure. Traders should keep an eye on the 105-106 range, which is crucial for any potential bounce, and the 100-101 range represents the next support. If the stock breaks above the 112-113 levels, it could signal a shift in momentum to the upside.

Overall, Yatra's stock is currently in a downtrend, but with several indicators pointing toward oversold conditions, there might be an opportunity for traders looking for short-term rebounds. Keep an eye on the key support and resistance levels for actionable entry and exit points.